老凤祥股份有限公司关于下属子公司股权内部划转至母公司的进展公告

Group 1 - The company announced the internal transfer of 20.50% equity held by its wholly-owned subsidiary, China First Pencil Co., Ltd., in Shanghai Laofengxiang Co., Ltd. to the parent company without compensation [2] - Following the transfer, the company's direct shareholding in Shanghai Laofengxiang increased from 57.51% to 78.01%, while the overall shareholding remained unchanged at 78.01% [2] - The board of directors authorized the management to implement the specific matters related to this equity transfer [2] Group 2 - As of November 27, 2025, the equity transfer registration procedures were completed, and the company received a registration notice from the Huangpu District Market Supervision Administration of Shanghai [3] - The equity structure of Shanghai Laofengxiang was updated post-transfer, although other registration information remained unchanged [4] Group 3 - The equity transfer is aimed at internal resource integration, reducing cross-shareholding among subsidiaries, and aligning investment and management relationships [5] - This move is expected to enhance management efficiency and decision-making processes, promoting high-quality development for the company [5] - The transfer does not involve cash payments or changes to the consolidated financial statements, ensuring no adverse impact on the company's financial and operational status [5]